IHH Healthcare

Property

IHH Healthcare to acquire Island Hospital in Penang for RM3.92 bil

Under the agreement, IHH Healthcare is set to acquire a 100% stake in Island Hospital.

Results

IHH Healthcare’s 2QFY2024 patmi more than doubles to RM623 mil

Earnings per share stood at 7.07 sen in 2QFY2024, up from a share of 3.43 sen in 2QFY2023.
IHH Healthcare appoints lawyer Tan Sri Dr Nik Norzrul Thani bin N Hassan Than as chairman - THE EDGE SINGAPORE

New appointments

IHH Healthcare appoints lawyer Tan Sri Dr Nik Norzrul Thani bin N Hassan Thani as chairman

Nik Nozrul succeeds Tan Sri Mohammed Azlan bin Hashim, who had elected to retire at the group’s annual general meeting in May.

Results

IHH Healthcare reports record quarterly revenue in 1QFY2024; patmi down 45% y-o-y on absence of one-off gains

In 1QFY2024, IHH recorded its highest ever quarterly revenue at RM6 billion, up 16% y-o-y.

Broker's Calls

DBS maintains 'buy' on IHH Healthcare even with softer industry-wide numbers

'This is an attractive level to ride on IHH Healthcare's medium-term growth trajectory'

Healthcare

Buyouts help Temasek-backed hospital firm Manipal vie for top India spot

The Indian health care market is expected to nearly double to US$320 billion by 2028, up from US$180 billion last year

Broker's Calls

DBS optimistic about IHH's growth prospects, maintains 'buy' call

'This is a very attractive level to ride on its medium-term growth trajectory,' says DBS analyst Rachel Tan.
UOB Kay Hian raises Parkway Life REIT's target price to $5.07 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian raises Parkway Life REIT's target price to $5.07

For its 2HFY2023, Parkway Life REIT reported a distribution per unit of 7.48 cents, up 2.1% y-o-y

Broker's Calls

OCBC likes PLife REIT for stable, defensive portfolio and consistent DPU growth

PLife REIT is now at an 'attractive entry point' for income investors

Corporate moves

IHH Healthcare CFO leaves following expiry of employment contract

Ayrle was appointed to this role on Feb 1 2021
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